Federated Hermes, Inc. is a leading global investment manager with $614.8 billion in assets under management as of Sept. 30, 2020. Guided by its conviction that responsible investing is the best way to create wealth over the long term, its investment solutions span equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies. Providing world- class active investment management and engagement services to more than 11,000 institutions and intermediaries, our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes' more than 1,900 employees include those in London, New York, Boston and several other offices worldwide.

Company profile
Ticker
FHI
Exchange
Website
CEO
J. Christopher Donahue
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FEDERATED INVESTORS INC /PA/
SEC CIK
Corporate docs
Subsidiaries
EMPEF GP Limited • Federated Administrative Services, Inc. • Federated Advisory Services Company • Federated Equity Management Company • Federated Global Holdings LLC • Federated Global Investment Management Corp. • Federated Hermes (UK) LLP, a United Kingdom limited liability partnership • Federated Hermes European Direct Lending Fund II GP, Sarl • Federated Holdings • Federated Holdings (UK) Limited ...
IRS number
251111467
SEC advisor number
801-78591
FINRA CRD number
169087
AUM ?
$19.96B
(as of 25 Jun 20)
Accounts
10
(as of 25 Jun 20)
Employees
16
(10 investment advisory or research)
Address
Federated Hermes
1001 LIBERTY AVENUE
PITTSBURGH
PA 15222
1001 LIBERTY AVENUE
PITTSBURGH
PA 15222
Phone
4122881900
Brochures
FHI stock data
News
RBC Capital Maintains Sector Perform on Federated Hermes, Raises Price Target to $32
2 Aug 22
Federated Hermes Q2 EPS $0.64 Misses $0.73 Estimate, Sales $366.01M Beat $358.06M Estimate
28 Jul 22
Earnings Scheduled For July 28, 2022
28 Jul 22
Federated Hermes, Inc. Agrees To Acquire The $3.63B Investment Advisory Business Of C.W. Henderson
18 Jul 22
Keefe, Bruyette & Woods Upgrades Federated Hermes to Outperform, Raises Price Target to $40
29 Jun 22
Press releases
Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund
15 Aug 22
Federated Hermes Premier Municipal Income Fund declares dividend
10 Aug 22
Federated Hermes, Inc. reports second quarter 2022 earnings
28 Jul 22
Federated Hermes, Inc. agrees to acquire the $3.63 billion investment advisory business of C.W. Henderson, a specialist in municipal-bond separately managed accounts
18 Jul 22
Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund
15 Jul 22
Analyst ratings and price targets
Current price
Average target
$36.33
Low target
$32.00
High target
$40.00
RBC Capital
Maintains
$32.00
Keefe, Bruyette & Woods
Upgraded
$40.00
Investment data
Top 50 of 2122 long holdings End of quarter 30 Jun 22 |
Value |
#Shares |
---|---|---|
$641.67M | 12.64M | |
$542.4M | 5.49M | |
$535.1M | 2.08M | |
$521.43M | 3.81M | |
$492.94M | 7.98M | |
$445.52M | 1.83M | |
$415.56M | 4.56M | |
$400.03M | 2.61M | |
$392.41M | 180.07K | |
$391.21M | 18.66M | |
$385.19M | 7.35M | |
$371.79M | 5.21M | |
$352.1M | 3.28M | |
$347.59M | 4.06M | |
$337.74M | 2.5M | |
$306.97M | 1.95M | |
$304.34M | 3.81M | |
$295.54M | 24.57M | |
$274.33M | 1.95M | |
$273.51M | 3.55M | |
$258.69M | 5.62M | |
$258.54M | 2.43M | |
$242.8M | 1.68M | |
$239.9M | 19.3M | |
$235.48M | 4.96M | |
$234.48M | 13.61M | |
$229.05M | 5.37M | |
$226.54M | 3.8M | |
$221.13M | 1.31M | |
$217.42M | 2.88M | |
$209.29M | 6.11M | |
$207.36M | 7.64M | |
$202.59M | 5.35M | |
$201.73M | 16.02M | |
$200.15M | 2.09M | |
$199.75M | 420.06K | |
$188.44M | 2M | |
$184.46M | 2.48M | |
$182.09M | 919.44K | |
$180.91M | 713.59K | |
$178.05M | 1.2M | |
$176.87M | 2.93M | |
$173.18M | 4.38M | |
$168.01M | 443.44K | |
$161.38M | 819.65K | |
$154.67M | 1.19M | |
$152.79M | 1.27M | |
$151M | 1.05M | |
$146.81M | 2.81M | |
$143.65M | 264.42K |
Holdings list only includes long positions.
Only includes long positions.
Calendar
2 Aug 22
18 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 252.98M | 252.98M | 252.98M | 252.98M | 252.98M | 252.98M |
Cash burn (monthly) | 4.55M | 469.83K | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 7.49M | 774.43K | n/a | n/a | n/a | n/a |
Cash remaining | 245.49M | 252.21M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 54.0 | 536.8 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Aug 22 | Van Meter Stephen | Class B Common Stock | Sell | Dispose S | No | No | 34.0442 | 74 | 2.52K | 34,480 |
1 Aug 22 | Nusseibeh Saker Anwar | Class B Common Stock | Sell | Dispose S | No | No | 34.2877 | 7,000 | 240.01K | 272,814 |
6 Jul 22 | Nusseibeh Saker Anwar | Class B Common Stock | Sell | Dispose S | No | No | 32.2405 | 26,662 | 859.6K | 279,814 |
17 Jun 22 | Uhlman Paul A | Class B Common Stock | Sell | Dispose S | No | No | 29.2323 | 1,022 | 29.88K | 341,142 |
9 Jun 22 | Fisher John B | Class B Common Stock | Sell | Dispose S | No | No | 33.7023 | 33,312 | 1.12M | 538,115 |
Institutional ownership, Q2 2022
13F holders | Current |
---|---|
Total holders | 249 |
Opened positions | 32 |
Closed positions | 42 |
Increased positions | 69 |
Reduced positions | 118 |
13F shares | Current |
---|---|
Total value | 2.47B |
Total shares | 77.55M |
Total puts | 23.5K |
Total calls | 32.1K |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 12.37M | $393.13M |
Vanguard | 8.93M | $283.86M |
Setanta Asset Management | 5.51M | $179.64M |
Schneider Downs Wealth Management Advisors | 3.28M | $104.42M |
GWL Great West Life Assurance | 3.03M | $96.43M |
FMR | 3M | $95.43M |
STT State Street | 2.92M | $92.72M |
Burgundy Asset Management | 2.39M | $75.91M |
Charles Schwab Investment Management | 2.29M | $72.94M |
Dimensional Fund Advisors | 2.25M | $71.68M |
Financial report summary
?Management Discussion
- For an explanation of changes for 2020 as compared to 2019, see Federated Hermes' Annual Report on Form 10-K for the year ended December 31, 2020, Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations - Results of Operations.
- Revenue. Revenue decreased $147.8 million in 2021 as compared to 2020 primarily due to an increase of $307.3 million in Voluntary Yield-related Fee Waivers (see Business Developments - Low Short-Term Interest Rates for additional information, including the impact to expense and the net pre-tax impact) and a decrease in money market revenue of $38.1 million primarily due to lower average money market assets. These decreases were partially offset by an increase in equity and fixed-income revenue of $127.6 million and $46.6 million, respectively, due to higher average assets, an increase of $11.0 million as a result of the consolidation of certain variable interest entities (VIE) not previously consolidated prior to 2021 related to the HCL Acquisition (see Note (2) to the Consolidated Financial Statements) and an increase in alternative/private market revenue of $7.3 million due to the revenue of a previously nonconsolidated entity being recorded to operating revenue beginning in March 2020.
- Federated Hermes' ratio of revenue to average managed assets for 2021 was 0.20% as compared to 0.23% for 2020. The decrease in the rate was primarily due to the reduction of revenue from higher Voluntary Yield-related Fee Waivers, partially offset by a higher proportion of revenue earned on average equity assets during 2021 as compared to 2020.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior Bad
|
New words:
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Removed:
abandonment, abuse, advanced, advertising, anticipated, ARRC, attempt, behavior, candidate, cleaning, client, closet, college, combination, Composite, Congressional, consult, cooperation, create, crime, cumulative, deadline, decade, detail, detrimental, develop, director, disagree, dissipate, Dow, education, electronic, extreme, Fed, greenwashing, Group, harbor, health, HFML, highest, idea, iii, Industrial, initially, institution, intervention, Ireland, iv, Jersey, largest, laundering, lessened, membership, mismatch, multiple, occurring, office, onset, orderly, outlined, Outlook, overview, physical, Poor, probity, processing, progressed, prohibiting, promotion, PWG, reintroduced, reminding, reportedly, Republic, shared, signaled, speculation, sponsoring, stimulate, stop, Street, structured, teleconference, Vice, voted, Wall, written
Financial reports
Current reports
8-K
Federated Hermes, Inc. reports second quarter 2022 earnings
28 Jul 22
8-K
Entry into a Material Definitive Agreement
18 Jul 22
8-K
Other Events
7 Jun 22
8-K
Federated Hermes, Inc. reports first quarter 2022 earnings
28 Apr 22
8-K
Entry into a Material Definitive Agreement
17 Mar 22
8-K
Other Events
14 Mar 22
8-K
Federated Hermes, Inc. reports fourth quarter and full-year 2021 earnings
27 Jan 22
8-K
Departure of Directors or Certain Officers
7 Jan 22
8-K
Other Events
15 Dec 21
8-K
Federated Hermes, Inc. reports third quarter 2021 earnings
28 Oct 21
Registration and prospectus
S-8
Registration of securities for employees
10 Jan 22
S-8
Registration of securities for employees
30 Apr 18
S-8
Registration of securities for employees
1 May 11
S-8
Registration of securities for employees
26 Jul 06
S-8 POS
Registration of securities for employees (post-effective amendment)
16 May 01
S-8 POS
Registration of securities for employees (post-effective amendment)
16 May 01
425
Business combination disclosure
25 Jun 00
425
Business combination disclosure
25 Jun 00
425
Business combination disclosure
25 Jun 00
425
Business combination disclosure
25 Jun 00
Proxies
DEF 14C
Information statement
16 Mar 22
DEF 14C
Information statement
17 Dec 21
DEF 14C
Information statement
18 Mar 21
DEFA14C
Additional information
15 Apr 20
DEFA14C
Additional information
2 Apr 20
DEF 14C
Information statement
19 Mar 20
DEF 14C
Information statement
14 Mar 19
DEFR14C
Revised information
16 Apr 18
DEF 14C
Information statement
14 Mar 18
DEF 14C
Information statement
14 Mar 17
Other
UPLOAD
Letter from SEC
10 Feb 13
CORRESP
Correspondence with SEC
17 Jan 13
CORRESP
Correspondence with SEC
13 Jan 13
UPLOAD
Letter from SEC
30 Dec 12
UPLOAD
Letter from SEC
4 Dec 11
CORRESP
Correspondence with SEC
27 Nov 11
CORRESP
Correspondence with SEC
13 Nov 11
UPLOAD
Letter from SEC
6 Nov 11
UPLOAD
Letter from SEC
10 May 10
CORRESP
Correspondence with SEC
4 May 10
Ownership
13F-HR
Quarterly holdings report by institutional manager
15 Aug 22
SC 13G/A
DOMO / FEDERATED HERMES ownership change
10 Aug 22
4
FEDERATED HERMES / Meter Stephen Van ownership change
2 Aug 22
4
FEDERATED HERMES / Saker Anwar Nusseibeh ownership change
1 Aug 22
SC 13G/A
Seres Therapeutics / FEDERATED HERMES ownership change
11 Jul 22
4
FEDERATED HERMES / Saker Anwar Nusseibeh ownership change
7 Jul 22
4
FEDERATED HERMES / Paul A Uhlman ownership change
17 Jun 22
4
FEDERATED HERMES / JOHN B FISHER ownership change
13 Jun 22
SC 13G/A
SHOTSPOTTER / FEDERATED HERMES ownership change
10 Jun 22
SC 13G/A
StepStone / FEDERATED HERMES ownership change
10 Jun 22
Transcripts
2022 Q2
Earnings call transcript
29 Jul 22
2022 Q1
Earnings call transcript
29 Apr 22
2021 Q4
Earnings call transcript
28 Jan 22
2021 Q3
Earnings call transcript
29 Oct 21
2021 Q2
Earnings call transcript
30 Jul 21
2021 Q1
Earnings call transcript
30 Apr 21
2020 Q4
Earnings call transcript
29 Jan 21
2020 Q3
Earnings call transcript
30 Oct 20
2020 Q2
Earnings call transcript
31 Jul 20
2020 Q1
Earnings call transcript
1 May 20
Reddit threads
Daily Discussion Thread - August 5th, 2022
5 Aug 22
Daily Discussion Thread - July 28th, 2022
28 Jul 22
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Daily Discussion Thread - May 5th, 2022
5 May 22
Daily Discussion Thread - May 4th, 2022
4 May 22
Daily Discussion Thread - April 28th, 2022
28 Apr 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22